SCHEDULE OF INVESTMENTS
Global Bond (in thousands)	MARCH 31, 2019 (UNAUDITED)

COMMON STOCKS	Shares		Value
Panama
Financials – 0.7%
Banco Latinoamericano de Comercio Exterior S.A.		8	$	152
Total Panama - 0.7%			$	152
TOTAL COMMON STOCKS – 0.7%			$	152
(Cost: $194)
CORPORATE DEBT SECURITIES	Principal
Argentina
Energy – 2.0%
Pampa Energia S.A. 7.500%, 1-24-27(A)(B)	$	150		133
Pan American Energy LLC 7.875%, 5-7-21		100		102
YPF Sociedad Anonima 8.500%, 3-23-21(A)		200		202
				437
Total Argentina - 2.0%			$	437
Australia
Utilities – 0.9%
Ausgrid Finance Pty Ltd. 3.850%, 5-1-23(A)		200		204
Total Australia - 0.9%			$	204
Austria
Consumer Staples – 0.9%
ESAL GmbH (GTD by JBS S.A. and JBS Hungary Holdings Kft.) 6.250%, 2-5-23(A)		200		203
Materials – 0.9%
Klabin Austria GmbH 5.750%, 4-3-29(A)		200		199
Total Austria - 1.8%			$	402
Bermuda
Consumer Staples – 0.4%
Bacardi Ltd. 4.450%, 5-15-25(A)		100		101
Total Bermuda - 0.4%			$	101
Brazil
Consumer Staples – 0.9%
Cosan Ltd. 5.950%, 9-20-24(A)		200		204
Energy – 0.0%
Lancer Finance Co. (SPV) Ltd. 5.850%, 12-12-16(A)(C)		15		—	*
Financials – 0.0%
Banco Cruzeiro do Sul S.A. 7.000%, 7-8-13(C)		96		—	*

Materials – 1.5%
Fibria Overseas Finance Ltd. 4.000%, 1-14-25	150		147
Vale Overseas Ltd. 6.250%, 8-10-26	150		163
			310
Utilities – 0.9%
Aegea Finance S.a.r.l. 5.750%, 10-10-24(A)	200		197
Total Brazil - 3.3%		$	711
Canada
Energy – 0.5%
TransCanada PipeLines Ltd. 4.250%, 5-15-28	100		104
Financials – 0.2%
Royal Bank of Canada 4.650%, 1-27-26	50		53
Total Canada - 0.7%		$	157
Cayman Islands
Industrials – 0.4%
Guanay Finance Ltd. 6.000%, 12-15-20(A)	96		97
Materials – 1.8%
Braskem Finance Ltd. (GTD by Braskem S.A.) 5.750%, 4-15-21(A)	200		207
Inversiones CMPC S.A. (GTD by Empresas CMPC S.A.) 4.375%, 5-15-23(A)	200		204
			411
Total Cayman Islands - 2.2%		$	508
Chile
Financials – 0.7%
Banco Santander Chile 2.500%, 12-15-20(A)	150		148
Industrials – 0.9%
LATAM Airlines Group S.A. 7.250%, 6-9-20(A)	200		206
Materials – 0.9%
Celulosa Arauco y Constitucion S.A. 4.500%, 8-1-24	200		206
Utilities – 0.4%
Enel Chile S.A. 4.875%, 6-12-28	80		84
Total Chile - 2.9%		$	644
China
Communication Services – 0.9%
Tencent Holdings Ltd. 2.985%, 1-19-23(A)	200		199

Energy – 0.9%
Sinopec Group Overseas Development (2018) Ltd. 4.125%, 9-12-25(A)		200		208
Total China - 1.8%			$	407
Columbia
Financials – 0.9%
Banco de Bogota S.A. 5.375%, 2-19-23(A)(B)		200		207
Utilities – 0.8%
Emgesa S.A. E.S.P. 8.750%, 1-25-21(D)		COP302,000		99
Empresas Publicas de Medellin E.S.P. 8.375%, 2-1-21(D)		274,000		87
				186
Total Columbia - 1.7%			$	393
Denmark
Financials – 0.9%
Danske Bank A.S. 2.700%, 3-2-22(A)	$	200		195
Total Denmark - 0.9%			$	195
France
Financials – 0.9%
BNP Paribas S.A. 7.625%, 12-29-49(A)		200		210
Total France - 0.9%			$	210
Hong Kong
Financials – 0.9%
Bangkok Bank Public Co. Ltd. 4.050%, 3-19-24(A)		200		205
Total Hong Kong - 0.9%			$	205
India
Industrials – 0.9%
Adani Ports and Special Economic Zone Ltd. 3.500%, 7-29-20(A)		200		200
Materials – 0.9%
Vedanta Resources plc 6.375%, 7-30-22(A)		200		194
Total India - 1.8%			$	394
Indonesia
Utilities – 1.0%
Perusahaan Listrik Negara 5.450%, 5-21-28(A)		200		214
Total Indonesia - 1.0%			$	214
Ireland
Financials – 1.6%
MTS International Funding Ltd. 5.000%, 5-30-23(A)		350		354
Total Ireland - 1.6%			$	354

Japan
Financials – 1.4%
Mitsubishi UFJ Financial Group, Inc. 3.287%, 7-25-27	100		100
Sumitomo Mitsui Financial Group, Inc.:
3.748%, 7-19-23	110		113
3.936%, 10-16-23	100		104
			317
Total Japan - 1.4%		$	317
Luxembourg
Consumer Staples – 0.8%
Minerva Luxembourg S.A. 5.875%, 1-19-28(A)	200		184
Industrials – 1.0%
Rumo Luxembourg S.a.r.l. 7.375%, 2-9-24(A)	200		213
Information Technology – 0.8%
Atento Luxco 1 S.A. 6.125%, 8-10-22(A)	175		174
Total Luxembourg - 2.6%		$	571
Mexico
Communication Services – 0.9%
America Movil S.A.B. de C.V. 3.125%, 7-16-22	200		202
Consumer Staples – 0.9%
Grupo Bimbo S.A.B. de C.V. 4.875%, 6-30-20(A)	200		204
Financials – 1.4%
Banco Santander S.A. 4.125%, 11-9-22(A)	300		303
Industrials – 0.9%
Alfa S.A.B. de C.V. 5.250%, 3-25-24(A)	200		209
Materials – 1.0%
CEMEX S.A.B. de C.V. 7.750%, 4-16-26(A)	200		218
Total Mexico - 5.1%		$	1,136
Netherlands
Communication Services – 1.9%
Myriad International Holdings B.V. 5.500%, 7-21-25	200		214
VTR Finance B.V. 6.875%, 1-15-24(A)	200		205
			419
Financials – 2.2%
Cooperatieve Rabobank U.A. 3.875%, 2-8-22	75		77
Enel Finance International N.V. 4.625%, 9-14-25(A)	200		207

Syngenta Finance N.V. 5.182%, 4-24-28(A)	200		203
		487
Total Netherlands - 4.1%		$	906
Norway
Energy – 0.7%
Aker BP ASA 6.000%, 7-1-22(A)	150		154
Total Norway - 0.7%		$	154
Peru
Financials – 0.7%
Banco de Credito del Peru 4.250%, 4-1-23(A)	150		154
Utilities – 0.8%
Fenix Power Peru S.A. 4.317%, 9-20-27	194		186
Total Peru - 1.5%		$	340
Qatar
Energy – 0.2%
Ras Laffan Liquefied Natural Gas Co. Ltd. II 5.298%, 9-30-20(A)	55		56
Total Qatar - 0.2%		$	56
Singapore
Consumer Staples – 0.5%
Olam International Ltd. 7.500%, 8-12-20	100		104
Total Singapore - 0.5%		$	104
South Korea
Financials – 2.9%
Hyundai Capital Services, Inc. 2.983%, 8-29-22(A)	210		207
Korea Development Bank 3.250%, 2-19-24	200		203
Woori Bank 2.625%, 7-20-21(A)	250		248
			658
Total South Korea - 2.9%		$	658
Switzerland
Financials – 1.1%
Credit Suisse Group AG 4.282%, 1-9-28(A)	250		253
Total Switzerland - 1.1%		$	253
United Arab Emirates
Energy – 0.9%
Abu Dhabi National Energy Co. 4.375%, 4-23-25(A)	200		205
Financials – 1.5%
ICICI Bank Ltd. 3.500%, 3-18-20(A)	325		326
Total United Arab Emirates - 2.4%		$	531

United Kingdom
Consumer Staples – 0.9%
Imperial Tobacco Finance plc 3.750%, 7-21-22(A)	200		203
Financials – 4.6%
ANZ New Zealand International Ltd. 3.450%, 1-21-28(A)	200		199
HSBC Holdings plc:
4.583%, 6-19-29	300		316
5.625%, 12-29-49(B)	200		200
Royal Bank of Scotland Group plc (The) 6.000%, 12-19-23	100		107
State Bank of India 4.875%, 4-17-24(A)	200		210
			1,032
Total United Kingdom - 5.5%		$	1,235
United States
Communication Services – 1.1%
T-Mobile USA, Inc. 6.000%, 3-1-23	230		236
Consumer Discretionary – 0.9%
Volkswagen Group of America, Inc. 4.250%, 11-13-23(A)	200		206
Consumer Staples – 1.8%
Bunge Ltd. Finance Corp. 3.500%, 11-24-20	250		251
Maple Escrow Subsidiary, Inc. 4.597%, 5-25-28(A)	125		130
			381
Energy – 0.3%
Brand Energy & Infrastructure Services, Inc. 8.500%, 7-15-25(A)	58		52
Financials – 6.2%
Bank of America Corp. 3.593%, 7-21-28	125		124
BBVA Bancomer S.A. 6.500%, 3-10-21(A)	150		157
Citigroup, Inc. 3.520%, 10-27-28	125		123
Cooperatieve Rabobank U.A. 3.125%, 4-26-21	250		251
Ford Motor Credit Co. LLC 3.096%, 5-4-23	200		188
Goldman Sachs Group, Inc. (The) 3.814%, 4-23-29	100		99
JPMorgan Chase & Co. 3.540%, 5-1-28	118		118
TerraForm Global Operating LLC (GTD by Terra Form Global LLC) 6.125%, 3-1-26(A)	50		49

Wells Fargo & Co. 4.300%, 7-22-27	125		130
Wells Fargo & Co. (3-Month U.S. LIBOR plus 377 bps) 6.381%, 3-29-49(E)	125		126
			1,365
Health Care – 0.8%
Fresenius U.S. Finance II, Inc.:
4.250%, 2-1-21(A)	100		101
4.500%, 1-15-23(A)	75		77
			178
Industrials – 1.6%
Azul Investments LLP 5.875%, 10-26-24(A)(B)	200		189
BAE Systems Holdings, Inc. 3.800%, 10-7-24(A)	75		77
TransDigm, Inc. (GTD by TransDigm Group, Inc.) 6.000%, 7-15-22	82		83
			349
Materials – 0.4%
Glencore Funding LLC 4.125%, 3-12-24(A)	100		101
Real Estate – 0.5%
Aircastle Ltd. 4.400%, 9-25-23	100		102
Utilities – 1.1%
Sempra Energy 2.850%, 11-15-20(B)	250		250
Total United States - 14.7%		$	3,220
Venezuela
Financials – 0.7%
Corporacion Andina de Fomento 3.250%, 2-11-22	150		151
Total Venezuela - 0.7%		$	151
TOTAL CORPORATE DEBT SECURITIES – 68.2%		$	15,168
(Cost: $15,213)
OTHER GOVERNMENT SECURITIES(F)
Argentina – 1.8%
Republic of Argentina:
6.875%, 4-22-21	350		320
5.625%, 1-26-22	100		86
			406
Brazil – 1.4%
Federative Republic of Brazil 4.875%, 1-22-21	300		309
Columbia – 2.1%
Republic of Colombia:
4.375%, 7-12-21	250		257
4.500%, 3-15-29	200		211
			468
Indonesia – 3.9%
Perusahaan Listrik Negara 5.375%, 1-25-29(A)	200		212

Republic of Indonesia:
3.750%, 4-25-22(A)		250		253
2.950%, 1-11-23		400		396
				861
Mexico – 2.2%
United Mexican States 3.625%, 3-15-22		470		478
Panama – 0.9%
Republic of Panama 4.000%, 9-22-24		200		209
Qatar – 1.8%
Qatar Government Bond:
2.375%, 6-2-21(A)		200		197
3.875%, 4-23-23		200		206
				403
Saudi Arabia – 1.1%
Saudi Arabia Government Bond 2.375%, 10-26-21(A)		250		246
Turkey – 1.8%
Turkey Government Bond:
5.125%, 3-25-22		200		193
6.250%, 9-26-22		200		197
				390
Uruguay – 0.2%
Republica Orient Uruguay 4.500%, 8-14-24		50		53
TOTAL OTHER GOVERNMENT SECURITIES – 17.2%			$	3,823
(Cost: $3,846)
UNITED STATES GOVERNMENT OBLIGATIONS
United States – 10.9%
U.S. Treasury Bonds 2.250%, 11-15-25		450		448
U.S. Treasury Notes:
1.250%, 10-31-21		200		195
1.750%, 11-30-21		50		49
1.875%, 10-31-22		100		99
1.375%, 6-30-23		175		169
1.625%, 10-31-23		300		292
2.125%, 9-30-24		450		447
1.500%, 8-15-26		110		104
2.375%, 5-15-27		625		626
				2,429
TOTAL UNITED STATES GOVERNMENT OBLIGATIONS – 10.9%			$	2,429
(Cost: $2,446)
SHORT-TERM SECURITIES
Master Note – 2.8%
Toyota Motor Credit Corp. (1-Month U.S. LIBOR plus 15 bps) 2.710%, 4-5-19(G)	$	620		620

Money Market Funds – 1.8%
Dreyfus Institutional Preferred Government Money Market Fund - Institutional Shares 2.360%, (H)(I)	405		405
TOTAL SHORT-TERM SECURITIES – 4.6%		$	1,025
(Cost: $1,025)
TOTAL INVESTMENT SECURITIES – 101.6%		$	22,597
(Cost: $22,724)
LIABILITIES, NET OF CASH AND OTHER ASSETS – (1.6)%			(361	)
NET ASSETS – 100.0%		$	22,236

Notes to Schedule of Investments

* Not shown due to rounding.

(A) Securities were purchased pursuant to an exemption from registration available under Rule 144A under the Securities Act of 1933 and may only be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2019 the total value of these securities amounted to $10,873 or 48.9% of net assets.

(B) All or a portion of securities with an aggregate value of $395 are on loan.

(C) Non-income producing as the issuer has either missed its most recent interest payment or declared bankruptcy.

(D) Principal amounts are denominated in the indicated foreign currency, where applicable (COP - Columbian Peso).

(E) Variable rate security. Interest rate disclosed is that which is in effect at March 31, 2019. Description of the reference rate and spread, if applicable, are included in the security description.

(F) Other Government Securities may include emerging markets sovereign, quasi-sovereign, corporate and supranational agency and organization debt securities.

(G) Variable rate security. Interest rate disclosed is that which is in effect at March 31, 2019. Date shown represents the date that the variable rate resets. Description of the reference rate and spread, if applicable, are included in the security description.

(H) Rate shown is the annualized 7-day yield at March 31, 2019.

(I) Investment made with cash collateral received from securities on loan.

Each Portfolio’s investments are reported at fair value. Fair value is defined as the price that each Portfolio would receive upon selling an asset or would pay upon satisfying a liability in an orderly transaction between market participants at the measurement date.

Accounting standards establish a framework for measuring fair value and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the factors that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances.

Reoccurring fair value measurements of Level 3 securities shall include a reconciliation of the beginning to ending balances for reported fair market values. A fair value hierarchy and Level 3 reconciliation, if applicable, have been included in the Notes to Schedule of Investments for each respective Portfolio.

An individual investment’s fair value measurement is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized as follows:

• Level 1 - Observable input such as quoted prices, available in active markets, for identical assets or liabilities.

• Level 2 - Significant other observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market corroborated inputs.

• Level 3 - Significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include assumptions made by the Board or persons acting at their direction that are used in determining the fair market value of investments.

The following table is a summary of the valuation of the Portfolio’s investments by the fair value hierarchy levels as of March 31, 2019:

	Level 1		Level 2		Level 3
Assets
Investments in Securities
Common Stocks	$	152	$	—	$	—
Corporate Debt Securities		—		15,168		—
Other Government Securities		—		3,823		—
United States Government Obligations		—		2,429		—
Short-Term Securities		405		620		—
Total	$	557	$	22,040	$	—

The following acronyms are used throughout this schedule:

GTD = Guaranteed

LIBOR = London Interbank Offered Rate

For Federal income tax purposes, cost of investments owned at March 31, 2019 and the related unrealized appreciation (depreciation) were as follows:

Cost	$	22,724
Gross unrealized appreciation		324
Gross unrealized depreciation		(451	)
Net unrealized depreciation	$	(127	)